InvestSMART

Flagship Minerals Limited (ASX:FLG)

ALERT: Price-sensitive ASX Announcement for FLG
Current share price for FLG : $0.175 0.02 (12.90%)+
Release
31 Jul 2026 1:08PM
Price at Release
$0.155
Full Release
download
Summary
Flagship Minerals Limited's Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending June 30, 2026, highlights significant financial and operational activities. The company reported a net cash outflow from operating activities of $1.131 million USD for the quarter, with significant expenditures in exploration and evaluation amounting to $1.035 million USD. Flagship also generated $2 million USD from the disposal of investments, leading to a positive net cash inflow from investing activities of $965,000 USD. Financing activities added $1.772 million USD to cash reserves, concluding the quarter with a cash balance of $2.821 million USD. The report also mentions the completion of a binding sale agreement for the RK Lithium Project, resulting in full consideration of $4 million USD received post-quarter. The report provides a detailed account of financial transactions, project updates, and future plans, including potential exploration and development activities at various projects such as the Isidora Gold Project in Chile.
Key Points
  • Net cash outflow from operating activities: $1.131 million USD
  • Exploration and evaluation expenditure: $1.035 million USD
  • Proceeds from disposal of investments: $2 million USD
  • Net cash inflow from investing activities: $965,000 USD
  • Cash inflow from financing activities: $1.772 million USD
  • Quarter-end cash balance: $2.821 million USD
  • Full consideration received for RK Lithium Project sale: $4 million USD
  • Isidora Gold Project Mineral Resource Estimate delivered
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.